What is CMHC?

If your down payment is less than 20% of the price of your home, you’ll need mortgage insurance coverage.

The Canada Mortgage and Housing Corporation (CMHC) is a national housing agency in Canada and a mortgage insurer recognized by National Bank.

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Since September 2, 2019, CMHC and the National Housing Strategy have offered several incentives to help first-time homebuyers. To learn more, read our article.

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